Odin Global’s Post

Gujarat is at the forefront of India’s renewable energy revolution, positioning itself as a leader in the quest for a greener future. With a keen focus on solar power, the state is making significant strides toward helping the nation achieve its ambitious goal of 500 gigawatts of renewable energy capacity by 2030.   The extensive solar initiatives in Gujarat are not just benchmarks but also inspiring examples for other states across the country. From solar panels on rooftops of homes and government buildings to expansive solar parks, Gujarat is harnessing its geographical advantages to maximise solar energy production.   According to Jai Prakash Shivahare, Managing Director of Gujarat Urja Vikas Nigam Ltd., the state boasts an installed capacity of over 28 gigawatts in renewable energy. Out of this, approximately 14.5 gigawatts comes from solar power.   He highlights that Gujarat leads the country in solar rooftop installations, contributing over half of the national capacity. The supportive framework from local electricity distribution companies has fostered a thriving residential solar market. Read more: https://lnkd.in/gJCJnZDz #gujarat #renewable

#REUpdate JMK Research & Analytics has released its Annual India Solar Report Card CY 2023. Key highlights from the report are: As of December 31, 2023, about 60.9 GW of utility-scale solar capacity has been commissioned in India, while another 64 GW is under pipeline (where auctions are completed). As of December 31, 2023, Rajasthan has maximum installed solar capacity of 17.4 GW followed by Karnataka (8.9 GW) and Gujarat (6.9 GW). In CY2023, about 6.5 GW of utility-scale solar capacity and another 3 GW of rooftop solar capacity were added in India. In CY2023, the top three states with maximum installed solar capacity were Rajasthan (2.4 GW), Gujarat (1.3 GW), and Maharashtra (0.9 GW). For next year i.e. CY2024, about 15.9 GW of new utility-scale solar projects and 4.2 GW of rooftop/ onsite solar projects are expected to be commissioned. Modules:  Jinko, Longi and Trina were the top three module suppliers in India in CY2023. Chinese/ International players have shown significant increase in sales in CY 2023 due to the suspension of ALMM order until March 2024. Module Export: In CY2023, the top 3 players i.e. Waaree, Adani and Vikram Solar, have contributed solar modules exports of about 60-65% of their total production in CY2023. Inverters: Sungrow, Sineng and FIMER were the top three inverter suppliers in India in CY2023. Project Developers: Adani, ReNew and UPC Renewables were the top three project developers with maximum solar projects commissioned in India in CY2023. Utility-Scale EPC Contractors: Waaree, Sterling & Wilson and Vikram Solar were the leading third-party EPC contractors for utility-scale solar projects in India in CY2023. #renewableenergy #solar #report #card #installation #capacity #modules #inverters #project #developers #epc #india

Adani Green Energy Ltd. Scores Big With $400 Million Solar Power Play! ☀️ #GreenFinancing #RenewableEnergy Adani Green Energy is leading the charge towards a brighter future! They've secured a whopping $400 million in funding for their massive 750 MW solar projects. Sun Power on Steroids: Solar Powerhouse: This project will be a game-changer, generating clean energy to power thousands of homes! Spreading the Sunshine: The projects are spread across Rajasthan and Gujarat, ensuring a wider reach for clean energy. Global Green Support: A consortium of international banks is backing this initiative, showcasing the global commitment to renewable energy. Project Details That Shine 500 MW Project with a Long-Term Vision: One project boasts a 500 MW capacity and a long-term power purchase agreement, ensuring stability and reliability. 250 MW Merchant Power Project in Gujarat: The second project demonstrates Adani Green Energy's commitment to a diverse renewable energy portfolio. India's Renewable Energy Leader: With a current portfolio of 10,934 MW, Adani Green Energy is a frontrunner in India's clean energy revolution! This is a major win for sustainable energy! Adani Green Energy is paving the way for a greener future. Let's all celebrate their commitment to #SolarEnergy! **#ClimateAction #SustainabilityGoals #RenewableEnergyInvestment ** https://lnkd.in/g_eHGwZu What are your thoughts on the importance of financing renewable energy projects? Share your comments below!

India's solar energy sector is set to grow significantly in 2024, potentially making India one of the top three global solar markets. The record achievement of adding over 10 GW of solar power in a month is a testament to the country's policy stability, effective supply chain management, and the successful execution of government projects.   But the story doesn't end with energy production. This solar revolution acts as a catalyst for India's manufacturing sector, encouraging innovation and creating a multitude of job opportunities. The narrative gets even more exciting as India continues to weave itself into the fabric of US and Western supply chains. The growing solar industry is attracting foreign companies to establish manufacturing units here in the country.   At the heart of this developing success story lies India's strengths — a vibrant domestic market, macroeconomic stability, and policy consistency. And the timing couldn't be more perfect. The rise of the solar sector coincides with India's demographic expansion — by 2030, we're expecting nearly 100 million new entrants into the working-age population. This solar tide could offer a wealth of employment opportunities to this growing workforce, fueling economic growth, and cementing India's position on the global stage. There is a lot to look ahead in this space.   #IndiaManufacturing #RenewableEnergy #Solarpower

#INDIA NEWS: GameChange Solar Surpasses 10 GW in Solar Projects Awarded in India for its Genius Tracker™ System   ☀️ We are proud to announce that we have surpassed 10 GW of solar projects awarded in India for our high-performance #GeniusTracker system. GameChange's leadership in providing robust and efficient solar solutions for large-scale projects across India includes 4.7 GW of tracker systems in #Gujarat and 2.3 GW in #Rajasthan, with the rest falling into Karnataka, AndhraPradesh, Madhya Pradesh, Maharashtra, Chhattisgarh, and Tamil Nadu. Six of the 42 projects that comprise the 10+ GW are over 500 MW, with two exceeding 750 MW, demonstrating the scalability and flexibility of GameChange Solar’s advanced tracking solutions. “We are proud to support the rapid expansion of solar energy in India, where demand for clean, reliable power is accelerating,” said Vikas Bansal, President International, at GameChange Solar. “Our repeat business from customers underscores the value of our solutions, and with expanded service offerings and local manufacturing, we are in an even stronger position to help drive India’s solar market forward.” As the solar industry in India accelerates, we remain committed to supporting clean energy development with robust technology and an expanded local presence. 👏 A huge congratulations to our dedicated India team for this achievement. Your hard work, expertise, and commitment have been key to achieving this major milestone. Read more: https://lnkd.in/gVcGU7yF #SolarEnergy #IndiaSolar #TeamWork #GeniusTracker #RepoweringThePlanet

INDIA's SOLAR POTENTIAL (Source: MNRE Akshay Urja Portal) As per Ministry of New and Renewable Energy (MNRE) Akshay Urja Portal, India has the potential to generate 749 GW of power from solar. India had achieved 81.81 GW from solar installation till March, 2024. India had doubled its capacity from FY2021 to FY2023 but had utilised only 11% of its potential. 5 states account for 55% of the potential 1. Rajasthan- 142.3 GW 2. Jammu & Kashmir- 111.1 GW 3. Maharashtra- 64.3 GW 4. Madhya Pradesh- 61.7 GW 5. Andhra Pradesh- 38.4 GW 6. Gujarat- 35.8 GW Rajasthan being the biggest state and having the largest potential, had just utilised 15% of its potential capacity. Solar is the world's fastest growing energy source & we have a very huge potential for Solar in India.       #India #Solar #SolarPotential #SolarPower #RenewableEnergy #SolarPV #SolarGeneration #Jindalrenewable

🌞 Exciting News in India's Renewable Energy Landscape! 🌍 As of December 2023, our nation has reached an impressive solar installed capacity of 73.31 GW, contributing significantly to the overall renewable energy capacity of 180 GW. 🔆 Key Highlights: Total Solar Capacity: Rajasthan leads the charge with an impressive 18.7 GW, closely followed by Gujarat at 10.5 GW. Rooftop Solar Capacity: Gujarat takes the spotlight with 2.8 GW, showcasing its commitment to sustainable energy. Maharashtra follows suit with 1.7 GW. The Suryodaya Scheme, which would play a pivotal role in accelerating India's solar revolution alongside the remarkable growth in solar capacity. Adding stepwise procedure for solar rooftop installation through national solar portal. Let's continue to harness the power of the sun and drive the nation towards a cleaner, brighter tomorrow! ☀️ #SolarPower #RenewableEnergy #SustainableIndia #GreenFuture #SolarEnergyRevolution

Did you know? As of March 2023, Gujarat was the leading state in India in terms of rooftop solar capacity installed. The state had a capacity of almost 2.5 gigawatts as of that date. Maharashtra followed with a solar rooftop capacity of roughly 1.5 gigawatts. In total, India's rooftop solar capacity amounted to approximately 8.9 gigawatts as of March 2023. To know more about solar follow our page or visit: www.date-energy.in #dateenergy #factsaboutsolarsystem #factsaboutsolarenergy #didyouknow #didyouknowfacts #solarpanels #solarcompanyinpune #solarenergy #solarsystem #savemoney #saveearth #solarcompany #solarinstallation #solarfacts #solarcompany #factsaboutsolar #facts #factsoftheday #solarpanel #cleanenergy #greenenergy #saveenergy #switchingtosolar #commercialsolarsystem #industrialsolarsystem #gogreen #gosolar

#BluPine Energy is actively developing significant #renewable energy projects in Gujarat, India, focusing on both #solar and #wind power The Gujarat #WindFarm - BluPine Energy is a planned 100 MW onshore wind power project, currently in the permitting stage. It is expected to be commissioned in 2024, with the generated power sold to Gujarat Urja Vikas Nigam Limited (#GUVNL) under a long-term power purchase agreement at a rate of $0.038 per kWh for 25 years. BluPine Energy has also secured #financing for a 120 MW solar project located in #Sadla, Gujarat. This project has received ₹418 crore (approximately $50.1 million) from #HDFC Bank and is projected to generate around 3.23 lakh MWh annually, supplying power to about 270,000 households. The electricity will be sold to GUVNL under a similar 25-year agreement. With these projects, #BluPine aims to enhance its renewable energy capacity in #Gujarat to a total of 750 MW across #seven projects, contributing to a broader goal of developing a 4+ GW #renewable energy portfolio in #India, supported by an investment of $800 million from #Actis, a global investor. https://lnkd.in/gJUWDwuX

🌞 India's rooftop solar sector is booming, with total installed capacity reaching 11.87 GW by March. This growth supports the broader goal of 500 GW of renewable energy by 2030 and net zero by 2070. ⚡ In 2023-2024 alone, 2.99 GW was added, reflecting the impact of initiatives like the Jawaharlal Nehru National Solar Mission, which targets 100 GW by 2026, including 40 GW from rooftop solar. 🏞️ States like Gujarat, Maharashtra, and Rajasthan lead with substantial capacities due to favorable policies and high consumer awareness. Gujarat, for example, has 3,456 MW installed. 🌍 These advancements underscore the critical role of sustainable energy solutions in shaping India's greener and more resilient future. #SustainableInvesting #SolarPower #GreenEnergy #LordFincapLimited